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november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $400,000. not if you have for boehner. he wanted it to be $1 million or more. that is something that can beer worked on. spending cuts the republicans wan
to come up with a deal to avoid the so- called fiscal cliff in the u.s. will resume sunday. president obama says that congress must act now to avoid economic disaster. he has been meeting with republican and democratic leaders to reach a deal to avoid tax hikes and spending cuts that take effect january 1. >> the hour-long meeting with president barack obama was the first face-to-face session together with both republican leaders of the latest fiscal crisis. obama said he was modestly optimistic about the agreement by senate leaders on a compromise bill that could be voted on by monday. that is just two days before 6 under billion dollars of automatic tax hikes and spending cuts begin to take effect -- $600 billion of automatic tax hikes and spending cuts take effect. >> we want to make sure that unemployment insurance is still available for 2 million people and lay the groundwork for additional deficit reduction and economic growth steps to take in the new year. but let's not miss this deadline. >> we are working hard to get there in the next 24 hours. i'm hopeful and optimistic. >>
sort of agreement. a potential headache. not on the horizon for president obama because he has a deal with, you know what i am going to say, those two words, he is meeting with congressional leaders at 2:00 p.m. let me bring in senator kay bailey hutchinson. given how both sides of the aisle are acting, senator, are you proud of your fellow lawmakers and how they are handling the nation's business as you get ready to exit? >> well, the best part of what you just said is my exit. [ laughter ] >> it is pretty depressing, honestly, to watch all the posturing. however, you know, i continue to believe that everybody understands that the fiscal cliff would be too huge a burden on american families. therefore, i hope so much that when they meet this afternoon, even though it is a photo off and probably now not progress to be made that minute that they will make in agreement to come up with something that they can at least try to us of the double republicans and democrats can vote for. that is the only way we will be able to pass anything or either house. dagen: what did your fellow republica
to have to deal with, in terms of the debt. so i agree, i think president obama may have won the short-term battle. but i don't think he's going to win on this -- on the debt situation because that is when there is going to be absolute no negotiation on how much -- on what spending we do. it is going to be how much spending cuts that we are going to make because we are really at the point of no return, with respect to our debt. >> when you break out some of the individual leader who is are playing a part in this fiscal cliff negotiation, this is the latest gallup polling around christmas time. none of them faired too well. the president does the best. but we have house speaker john boehner, approval is 26% and harry reid, 34%. doug, who steps up and shows some leadership at this moment? >> well, the president's overall approval rating is pretty high, i think, he is in the mid-50s, about the highest he has been in some time. i think it's going to be, in the short term, it's mcconnell and reid. can it pass the house? that will be up to john boehner's leadership. i think that john boehner
. that happened just before 2:00 this morning. >>> negotiations will resume today at the white house on a deal to keep the country from going over the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be gi
to take simple steps. the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with corvis communications. guest: thank you for mentioning that. clients of thought there was something going to happen. that has changed. my only question is, what took them so long? the signs have been there all year that a deal at the end of the year would be more difficult. host: while we're talking about what we do, explain what the concord coalition is. guest: we are nonpartisan coalition educating the public about this responsibility and our fiscal challenges. guest: if we go over the cliff, it is not the end of the discussion. it is important that people not lose hope o
today to reach a deal to keep the country from plunging off the fiscal cliff. president obama hosting that meeting this afternoon at the white house. it will be the first time that he's met with congressional leaders since november 16th. they have just four days now to come to an agreement. democrats and republicans say that means a possible deal will likely extend tax cuts to middle class americans and postpone spending cuts scheduled to take effect. that means the contentious issue will likely be debated sometime in the future. >>> house lawmakers are preparing for an 11th hour deal. they're returning to washington for a rare sunday evening session. it's not clear what the house will do. house speaker john boehner still insists it's up to the senate to make the next move. >>> iran's state television is reporting the country's navy started training drills in the strait of hormuz. iran is reportedly warned other ships to stay away from the site until after the new year. the state tv report says it includes warships, submarines and jet fighters. other countries are worried these tests
cliff. with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal c
the bleeding. gregg: hope is fading and time is running out obviously for a fiscal deal. president obama is though meeting with congressional leaders at the white house today. it's a move that tennessee senator bob corker says feels more like optics than anything else. while several other critics claim lawmakers may actually want to go off the fiscal cliff. and in fact some have said the president wants to go off the fiscal cliff. so, can a deal be reached? juan williams is a fox news political analyst. he joins us live. mary katharine ham, editor-at-large at hotair.com and is a fox news contributor. juan, what do you think about that notion? barrasso was the first one to say it on "fox news sunday" and you were there but others have said it since that the president really does want to go over the cliff so that he can reap the benefits of all of the tax revenues that would be had by everybody's taxes going up? >> i think that is historical revisionism of a very current type. he is already trying to spin this because i think it is clear from the polls that most americans want a deal. they
as we reach the edge and you hear a lot of complaints about the tax side of obama's offer. what he's asking for in terms of tax increases is not that radical, it's way less than if we don't reach a deal. contrary to what you may have heard, republicans want to raise taxes too. shocker, right? >> the superficial take on this, the argument between democrats and republicans is between democrats who love taxes, just want to tax everything. and republicans who totally grover norquist taxes, they hate them, that is not true. to a degree that kind of disturbs me, actually, the two parties mostly agree on keeping the bush tax cuts. up to $250,000 in income, which is a lot of income. republicans and democrats want to keep all the bush tax cuts. that's way more than 80% of all the bush tax cuts. they agree on all of that, no argument. where they disagree is democrats want to raise taxes on any income over 250,000. and they'll accept at this point 400,000. and republicans, though, this is what people don't always know, republicans want to raise taxes too, they want to raise them on poor peopl
complain about dealing with obama. they love to do that. not only in complaining about obama but they say that america is losing. america is not losing. all the brains inside this thing which did not exist six years ago is really american brains. the software, the conceptualization. i know it's made in china or korea, but it's american innovation. the pieces are there. it's a matter of putting them together. the reason i'm so disappointed in this administration and the bush administration is because they have been willing to settle for so little. there's no reason this economy cannot grow at 6%. all the pieces are there. the gentleman in massachusetts emt would not. be broke all the not minimum wage is $7.50. i don't believe in the minimum wage, an ocean they can get somebody for $7.50 tells me america is not working the way contraptions like this say it should. -- the notion. guest: well, nobody really wants to go over the cliff when it comes to the military. president obama is in a box. he sees china for what it is from the point of view of a military challenge. he wants to increase ame
no deal's reached, barack obama and democrats immediately propose to relower the tax rates to bush levels for all but the top 2%, and republicans find themselves opposing it on behalf of their millionaire friends will be the democratic charge. so that's kind of a nightmare scenario for democrats, and it's why you saw john boehner, speaker of the house, offer to raise taxes on americans who mange more than $1 million a year. patti ann: yeah. so the idea, though, behind this fiscal cliff is that it was supposed to have items in it that were unacceptable to both sides so that both sides would be motivated to not go over that cliff with the understanding that they might not be able to fix it all with legislation after the fact. so are there items in there that democrats would really not want to see enacted with the fear that maybe they couldn't get them rolled back? >> well, you're right, but it wasn't quite equal. the two big disasters of the fiscal cliff are, one, tax cuts, tax rates going up for everybody, and, two, all of these automatic spending cuts in place. but democrats feel confiden
thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all the leverage. after january 1st the leverage shifts to the gop. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table from limiting deductions and loopholes that they can use to buy down rates. so i think the odds are, after january 1 we will get a deal and it will be much more favorable deal to the republican party because we'll have the leverage and president obama won't. heather: simon, basically what mark's laid out there would be more of a bunge jump over
. >>> negotiations will resume today at the white house on a deal to keep the country from going over the fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out it appears a deal would likely include a extension of tax cuts for the middle class and a cancellation of scheduled spending cuts. an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possibl
. >>> aloha means good-bye. president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will ge
majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of t
of the talks when president obama and house speaker john boehner failed to cut a deal. when. mcconnell essentially gave up trying to negotiate with senate majority leader harry reid. now said to be reasonably close together on income tax rates though republicans want to use the additional money to cut the deficit and democrats to soften spending cuts. california senator barbara boxer made clear this morning she is not looking for perfection. >> i wanted to add at least a cautiously optimistic note i am hopeful we will get something done and i think if we do, and if it's fair, fair enough, we should get our country off this cliff. >> reporter: boxer says she is willing to move up the income protected from tax hikes but her bottom line is extending unemployment benefits. she says that is good for the economy and fair for the many people who still can't find work. uma? uma: wendell, is it true that some family's taxes will rise whether or not there's a deal. >>reporter: it looks like the only real question is where that income level is. the cuttoff. vice president biden, mcconnell,
. we will see when president obama gets back tomorrow. dennis: small, thinking a smaller deal rather than something sweeping. >> there was a sense the week or two ago that you have a big deal or we go off of the cliff but dynamics change next week and the reality is what is possible here is a small deal probably something that deals with the tax breaks or tax levels for most americans under $250,000 or maybe half a million dollars being extended, great uncertainty about everything else including tax rate for others in spending cuts and decisions kicked into next year seem to be possible and if that is possible the kind of deal i just described is probably only possible through the house with an equal number of democratic and republican votes. that is the most likely scenario right now. dennis: would this be a positive scenario? a small agreement with bipartisan support. is that a victory or is the humiliating and a defeat for both parties? >> good question. the answer is as opposed to what? a victory as opposed to going over the cliff. probably a good thing as you suggest to get some
. the dow dropped 24-1/2. the s&p 500 slipped 7. nasdaq fell 22.5. president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the po
the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexible as possible as we move through the day. i will do my best to keep you updated." that is from the house republican whip. the house stands in recess at the moment. within the last half hour, the president weighing in on this. he spoke t
obama said "homeland" is his favorite show. my question is when you're dealing with live, real people who you are portraying or in the case of "homeland" or "24" when you're trying to deal with agencies that you are representing, what is that interaction like? we were talking a little bit in the room next door, maybe you can answer michael, how is tony blair's perception changed as a result of those films or the queen's perception changed in the minds of the public then we can talk about "homeland" and "24"? >> there are many things that you realize that you are working with when you do a film or a tv show that is -- has so much political emphasis. and one of the things is inevitably you come up against the agenda of people in terms of the agendas they have for looking at and judging politicians and public figures. which in my experience people tend to be more comfortable looking at things black and white and you want people to fit into a certain box so you can judge them against other people and make a choice and all that. and of course the first duty of an artist is to go beyond bl
on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a problem with the president. he is the most divisive individual who has come to power in this country for a long time. he completely denied his white relatives and blames all the problems on white men by buying the votes of the lower earners in this country by saying it is not your fault. he promised to bring this country to gather. what happened? guest: i am surprised. upper income people voted for president obama. what is clear and true is if you look at white men, white men are overwhelmingly the single
. will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually. ac tweets to accomplish m
're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together, knowing very well that they can't. the house and senate are so far apart, neither one will even entertain the idea -- >> juliet: so why have a meeting? >> eric: you look like you're trying o do the right thing. these bush tax cuts will expire december 31, 72 hours from now, whatever the number is. if president obama comes back in january sometime and says, you know what, house republican members, i have an idea. let's lower taxes 'cause they went back up. let's lower taxes back to where they were last year for the people making under $250,000 a year and let's call them the obama tax cuts. it looks like he's the tax cutter and if you're a republican in the house, you go, wait a minute, i'm supposed to be for lower taxes. how can i vote no for lowering taxes on anybody? >> kelly: you allude to a very important point to why critics of this entire mess have gone on to say that perhaps president obama knew that he wanted to have a fiscal cliff, f
. christmas break is already over for president obama. he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are
bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ lou: more red tape. the associated press reported the obama administration iss quietly rolling out dozens of major new regulations now that the election and campaign scrutiny is over as if it were ever very powerful. the rules cover everything from greenhouse gas emissions to oil drilling ini wall street.et one of the more controversial provisions requiring all new cars to have bloc black boxes recording what caused the crash but privacy advocates argue itu is intrusive technology and it is likely toe abused. one of the government agencies that has earned a reputation fot abuse is the obamause administration epa. now suing the epa accusing it o repertory overreaching its efforts to control sentiments build up from a creek in fairfam county.f fox news correspondent now live in washington with the report. >> preventing an enormous amount of development just with this one regulation. >> environmental protectionv agen's's plan to regulate a single b
to michelle obama." what a great idea. i wish you the best of luck with this book and merry christmas. >> merry christmas. >> thanks so much. >>> ahead on "starting point," eight days left to make a deal. does president the obama want to go off the cliff? why some say that's been the plan all along. we will talk to grover nor kwift, president of americans for tax reform top of the hour. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geic
gotten it wrong every time over 50 years. and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends pay soared and so did the taxes napad on them as a result. if you reverse that tax cut and put the obamacare tax on top, dividends are going to collapse and so are the revenues that government will collect from the dividends. you'll have a similar result as you had in 1990 where they increased rather than declined. >> clayton: do we not learn from our history? this seems like it's just repeating all over again. politicians aren't aware of their history here and what we could go through again. we know what 1991 and 1992 looked like with that recession. it
with a bigger concept. he has to deal with contemporary -- there's a lot of interest in obama, but sometimes the closer you get, the idea of the documentary is we have to pull back and see the forest. >> people on the right and people pro obama and don't like obama would disagree, would say he is apologizing for america, pulling out before our allies can stand on their own, and of course, the people who say that he shouldn't have sent troops in to afghanistan in the first place. >> he was boxed in. by petraeus and mcchrystal and gates and clinton. he had a tough group around him. his own doing. he criticized him for his advisers. he called his economic advisers a constellation of wall streetites. they're wall street people who brought in, so those policies were not surprising. the foreign policy team, robert gates had been up to his eye bawls in most of the bad things this country had done for decades. >> didn't he promise in his campaign in 2008 he would pull troops out of iraq and put more emphasis on afghanistan? >> yes. >> so he is following up.
to strike a deal is tomorrow.... or, the u-s plunges off the so- called fiscal cliff and possibly into an economic free fall. facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopef
on boehner and obama getting into a room together and making a deal, you'd have lost a lot of money over the last couple of years. on the other hand, when reid and mcdonnell, the two senate leaders get into a room together, they somehow seem to be able to find an accommodation. i think there's much more for compromise with the senate leaders. let them make a deal, i'm sure reid is talking to the president and conversely, mcconnell is talking to boehner what they can go for, but probably to have the actual deal making going on between the two senate leaders. >> dave: chris, i want to say farewell, last time i'll chat with you on air and always a pleasure having a conversation with you on sunday mornings, we appreciate it. >> i know that, david. and i'm sorry to see you leave. better you know, i hope better things for you and going to miss our back and forth about the michigan wolverines. (laughter) >> you or dave always have to get a dig in. >> dave: enjoyed it, chris and thank you, we'll watch the show today. it's a good one. >> clayton: check your local listings, chris, thanks so much.
the past year. that's likely to continue. even if we get a deal, what does this mean? it's a minimalist quick fix. it's not a debt and deficit grant grand bargain solution which obama and boehner were talking about weeks ago and it's probably not going to involve solving the debt ceiling problem. and, of course, we all saw what happened 18 months ago over the debt ceiling. it dragged on and on. bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with continued fiscal wrangling' in washington for weeks and weeks and weeks. >> we're going to talk more about the fiscal cliff and later on in the show. just coming back to europe for a second or touching on europe -- >> even more boring. >> because i'm quite looking forward to next year and i'm looking forward to hoping that we're not going to be sitting on politicians the same way we have over the last year, two years, looking at every single line that comes out of therefore mouths. i'm hoping we're going to see march of a sense of normality coming back in
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
itlowt.com. [ laughs ] hey! ncht >>> let me finish tonight with this. i have high hopes for president obama's second term. i have rying hopes for the reasonable republican party out there in the real world and ak churly deals with the real work of being big state governor, for example. so here we go. we've got to do something about guns, especially keeping guns from dangerous people. we have to do something about ir iran, yes, we have to. and we have to do something
this first four years of barack obama's first term. every single time fiscal issues come up and every single time he had to deal with republicans it has been the exact same routine where the president promises that he is very interested in deficit reduction and very interested in serious spending cuts. none of whichever materialize. but the class warfare rhetoric is always still there. he is always interested in raising taxes to feed his ever-growing and every ravenous beast of the government. here we are again. when i talk about this is no way to run a superpower, what i mean by that, every single time we get to the press miss and every single time our leaders wait until the exact last minute, i mean one thing to wait for it the last minute to buy christmas gifts for tomorrow. i see plenty of people running around new york city trying to buy gifts. another thing for the president and congress to wait until the last minute on fiscal issues that affect every american, gregg and our long-term fiscal health. gregg: are you saying the president is disingenuous and duplicitous which would be nove
anyway, just to support the economy. because i enjoy it. >>> coming up, president obama heads back to the white house today to work on the ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrit
. >> in 50 years, it's going to work out great. >> and military to deal with. >> if there's a theme to what we're saying, the united states has to play an active leadership role rather than passive leadership role. if the united states is passive and barack obama to a certain extent, represents democratic ideas na it should be more passive, this is the kind of world that results. i think places like egypt and syria were looking to the united states at least to have a presence in the transition, but we have not and we're seeing the results. >> paul: where do you think, other than -- where are the potential flash points in this coming year? >> liook, there are many. one of them, we don't talk about europe enough. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright s
adam: i'm adam shapiro in for melissa francis. here's what's "money" tonight. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff.
to the debt ceiling. >> i agree. i think obama -- president obama out maneuvered the congressional republicans. maybe it isn't hard, sometimes, but can't out maneuver reality and the reality is we are running a $1 trillion deficit and the deal does nothing about that and does nothing to stimulate economic growth and irresponsibly cuts defense and we'll pay a terrible price for that, as a country, and he is the only president we have and this is where -- i'm not making it a partisan point, a terrible failure of leadership, he's the president and the truth is, the speaker can't do it and minority and majority leader can't do it. he has to be serious about dealing with reality and reality is the real cliff we are going over which is this debt cliff and monetary cliff, and i'm worried a foreign policy cliff and not merely the little, you know, fiscal cliff we have to deal with january 1st. >> chris: all right, panel we have to take a breake here, whe we come back the panel dusts off the crystal ball and gives us their predictions for 2013. ♪ ♪ >> chris: check out fox news sunday.com, for behin
a great deal of concern and even suspicion that syrian government forces may actually resort to using chemical weapons. president obama has warned there would be consequences if bashar al-assad's military conducts such chemical warfare. does that mean the u.s. may possibly consider eve enacting some military option in syria? >> i think what people are looking at is whether the chemical weapons can be secured or destroyed in place. this is very, very dangerous. one could argue that we should have focused on the chemical weapons a longtime allege. the other risk of course is the chemical weapons get outside of syria, fall into the hands of al-qaida or other terrorist and be used worldwide. it was a very dangerous situation. the pope was absolutely right to call attention to it. >> obviously you've talked to a lot of people 0 behind closed doors in terms of what is happening in syria and the entire middle east. what is going on here? why can't something, some resolution be found in this conflict? >> politics tpha* in tha in that part of the world is a blood sport. it's an all or nothing
. if there was a formula of "24" that would have been it. and i think these people saw and president obama sees as well there is something about the presentation of the complexity of some of the things that people who are charged with these jobs have to deal with. writing it and imagining it makes me glad it's not my job just imagining how tough some of these decisions must be makes you grateful. >> the verse that we show in frost nixon "the queen" and that is how much responsibility you take with that, especially when art itself is working in metaphors. when people ask me about there is a pivot al scene in "frost nixon" which never happened. how could you show that because that is a pivotal moment in the piece. and the same with "the queen," that never happened. nixon did used to make phone calls and a part of his research would be times he was on heavy medication at time and would make phone calls at times he wouldn't remember. his staff were told if the president calls you during the middle of the night stay on the phone, he will eventually fall asleep you put down the phone and never mention it. if
and president obama sees as well there is something about the presentation of the complexity of some of the things that people who are charged with these jobs have to deal with. writing it and imagining it makes me glad it's not my job just imagining how tough some of these decisions must be makes you grateful. >> the verse that we show in frost nixon "the queen" and that is how much responsibility you take with that, especially when art itself is working in metaphors. when people ask me about there is a pivot al scene in "frost nixon" which never happened. how could you show that because that is a pivotal moment in the piece. and the same with "the queen," that never happened. nixon did used to make phone calls and a part of his research would be times he was on heavy medication at time and would make phone calls at times he wouldn't remember. his staff were told if the president calls you during the middle of the night stay on the phone, he will eventually fall asleep you put down the phone and never mention it. if it was a ballet of frost nixon, is it a valuable argument to say fr
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